With so many businesses and individuals severely impacted by COVID-19, and more recently the Northern NSW devastating floods we have put together a list of grants, rebates, loans and payments available to help you get back on your feet.
Small Business Fees & Charges Rebate
The NSW Government is offering a $1,500 rebate to eligible small businesses to assist with the cost of paying NSW Government and Local Council charges.
Eligible businesses need to register via Service NSW.
To be eligible, businesses will need to meet the following criteria:
- Total Australian wages less than $1.2M
- Be registered for GST
- Have turnover greater than $75K pa
The rebate will work as a digital credit for eligible licence fees and government charges incurred between 1 March 2021 and midnight on 30 June 2022.
All NSW Government (including local council) fees and charges will be eligible including:
- Food authority licences
- Liquor licences
- Tradesperson licences
- Event fees
- Outdoor seating fees
- Council rates
- Vehicle Registration Fee - Business use fee
A full list of eligible fees and charges can be found here.
Fines, penalties, Commonwealth government charges and some fees are excluded.
To apply, please visit Services NSW. You will need to set up an account using your identification or please contact us if you need any assistance.
Special Disaster Assistance (Flood) Grant
This grant provides up to $75,000 for eligible primary producers affected by the recent storms and floods in NSW.
To be eligible for the grant, the primary producer must derive at least 50% of their gross income from the primary production enterprise and the enterprise has suffered direct damage as a result of the disaster.
It is important to note that applicants will not be eligible for a grant if the applicant has received financial assistance from another government assistance scheme or is entitled to receive a payment under an insurance policy.
Grants are provided to help pay for the costs of clean up, reinstatement activities and emergency measures associated with the immediate recovery of primary production enterprises.
Eligible claims may cover:
- Hiring or leasing equipment or materials to clean premises, property or equipment
- Removing and disposing of debris, damaged goods, materials including injured or dead livestock
- Repairing or replacing fencing and/or other essential property infrastructure
- Purchasing and transporting fodder or feed for livestock
- Replacing livestock
- Replacing lost or damaged plants, salvaging crops, repairing or restoring fields
- Repairing, reconditioning or replacing essential plant or equipment
- Maintaining the health of livestock
- Paying additional wages to an employee to assist with the clean-up work (above and beyond normal wage expenditure)
- Repairing buildings (except dwellings, unless they are used for staff accommodation)
Applicants should complete an online application on the Rural Assistance Authority website.
Funds of up to $15,000 will be provided to eligible approved applicants, without the need to provide invoices at the point of application.
Such funds can be provided on the basis of quotes or estimates, noting that evidence (e.g. valid tax invoices) will be required in relation to that first $15,000, if the applicant seeks funding from above $15,000 to $75,000.
Funds of between $15,000 to $75,000 will require valid tax invoices at the point of application. Applicants will be expected to provide a range of supporting documentation, including the latest council rate notice, latest tax returns and financial statements for your farm business and personal tax returns for each member of the farm business.
Flood Disaster Recovery Small Business Grant
This grant provides up to $50,000 for small businesses and not-for-profit organisations where direct damage has occurred following the recent storm and flood event.
To be eligible for this grant, you must have incurred a direct and material impact of floods on business assets or equipment. It is important to note that applicants will not be eligible for a grant if the applicant has received financial assistance from another government assistance scheme or is entitled to receive a payment under an insurance policy.
The grant is not available for loss of income as a result of the floods. Please note that this grant is not available to primary producers.
Grants are provided to help pay for costs of clean-up and reinstatement of a small business or not-for-profit organisation's operations.
Eligible costs could include:
- Payment for tradespeople to conduct safety inspections
- Equipment and materials required for cleaning up, or hiring a cleaner to assist with post-flood clean-up
- Equipment and materials essential for immediately resuming operations
- The removal and disposal of damaged goods and materials
- Repairing premises and internal fittings
- Leasing temporary premises or replacing lost or damaged stock if it's essential for resuming operations
- Hiring equipment and/or replacing stock needed to resume operations.
Applicants should complete an online application on the Service NSW website when they open in mid-April. Here's the link.
Funds of up to $15,000 will be provided to eligible approved applicants, without the need to provide invoices at the point of application. Such funds can be provided on the basis of quotes or estimates, noting that evidence (e.g. valid tax invoices) will be required in relation to that first $15,000, if the applicant seeks funding from above $15,000 to $50,000.
Funds of between $15,000 to $50,000 will require valid tax invoices at the point of application. Applicants will be expected to provide a range of supporting documentation, including evidence of the direct damage in the form of photos, quotes, tax invoices or receipts.
Rural aid is offering primary producers in current eligible flood-affected areas a special $1,000 emergency payment to assist during this disaster. Here's the link.
The Australian Government's SME Recovery Loan Scheme will be available to flood-affected businesses. These loans provide easier and more cost-effective access to finance, greater repayment flexibility and the ability to refinance existing loans into the Scheme. Loan terms may be up to 10 years and you may also be offered up to 24 month repayment holidays.
Some banks are offering disaster relief grants and other assistance to their customers and businesses impacted by the floods. We recommend contacting your bank to see if you can access any assistance.
Please feel free to contact us if you require any assistance. We can also put you in touch with a Rural Financial Counsellor who will be able to provide further assistance.